Shares of Zynga (ZNGA) Sees Large Outflow of Money

Zynga (ZNGA) : Net money flow in Zynga (ZNGA) was negative ($1.45 million) and the inflow of money on uptick was $5.04 million, whereas, the outflow of money on downticks amounted to $6.49 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.78. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.85 million. On the other hand, the total value of block trades done on downticks was $2.62 million. The ratio of uptick to downtick block trades was 0.32. The money flow in block trades was negative ($1.77). Zynga (ZNGA) gained $0.09 cent during the day and reached $2.84, a gain of 3.09% over the previous day.


Zynga (ZNGA) : The highest level Zynga (ZNGA) is projected to reach is $5 for the short term and the lowest estimate is at $3. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $3.16 and the possibility the share price can swing is $0.83. The stock has recorded a 20-day Moving Average of 8.43% and the 50-Day Moving Average is 8.82%.

Zynga (NASDAQ:ZNGA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.73 and $2.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.76, notching a gain of 0.36% for the day. The total traded volume was 34,888,980 . The stock had closed at $2.75 on the previous day.

Zynga Inc. (Zynga) is a provider of social game services. The Company develops markets and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. The Companys games are also accessible on The Company has developed online social games, such as FarmVille, Words With Friends, Zynga Poker, Hit It Rich! Slots and CSR Racing. The Company is also engaged in the sale of virtual currency that players use to buy in-game virtual goods, and mobile games. It also offers advertising services, such as Branded Virtual Goods and Sponsorships, Engagement Ads and Offers, Mobile Ads, Display Ads and Licensing of Companys brands.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *